HCL Tech Expands Google Cloud AI Partnership; Shares Rise 0.50%

Mumbai, March 12: HCL Technologies Ltd announced on Thursday the expansion of its strategic collaboration with Google Cloud to accelerate enterprise adoption of Agentic Artificial Intelligence solutions, according to a corporate disclosure submitted to stock exchanges. The development coincided with modest gains in the company’s shares, which closed at ₹1,357.00, up 0.50% on the day as of 3:30 PM IST on March 12, 2026, according to exchange data.

HCL Tech Expands Strategic Collaboration With Google Cloud

HCL Technologies Ltd informed the BSE and the National Stock Exchange of India that it has broadened its strategic engagement with Google Cloud to support the adoption of Agentic AI across enterprise environments.

According to the company’s March 12, 2026 disclosure, the collaboration will enable HCLTech to build and deploy custom AI agents for clients using Google Cloud’s Gemini Enterprise and Gemini model ecosystem. The initiative also integrates Google Workspace capabilities to strengthen security, collaboration and operational scalability for enterprise deployments.

The company stated that the expanded engagement formalises a structured programme designed to accelerate Generative AI and Agentic AI adoption among its clients. HCLTech indicated the initiative could support more than 2,000 GenAI-led customer engagements as organisations scale AI-driven workflows and decision systems.

The programme also includes expansion of HCLTech’s AI Force platform with Gemini model integration, development of industry-specific agentic solutions through its Centre of Excellence, and the launch of physical AI innovation hubs referred to as Gemini Experience Zones at key global locations.

In addition, the company plans to expand its Google Cloud certified workforce significantly. HCLTech stated it intends to grow its certified talent base from approximately 12,000 professionals to more than 35,000 within three years.

Share Price Movement On March 12, 2026

Share price of HCL Technologies Ltd ended higher on March 12, 2026 following the disclosure of the expanded cloud collaboration.

The stock closed at ₹1,357.00, rising ₹6.70 or 0.50%, as of 3:30 PM IST on March 12, 2026, according to exchange data. During the trading session the stock recorded an intraday high of ₹1,363.40 and a low of ₹1,341.00, compared with the previous close of ₹1,350.30.

Market capitalisation of the company stood near ₹3.67 lakh crore based on exchange data, while the stock traded at a price to earnings multiple of approximately 22.36 times trailing earnings.

Management commentary released alongside the announcement indicated the collaboration aims to scale enterprise AI implementation while aligning with business transformation initiatives across industries.

Vijay Guntur, Chief Technology Officer and Head of Ecosystems at HCLTech, stated that the strengthened engagement with Google Cloud will help enterprises scale AI adoption while aligning with operational objectives.

Kevin Ichhpurani, President of Global Ecosystem and Channels at Google Cloud, said the partnership would help bring Gemini Enterprise capabilities to a broader enterprise customer base through HCLTech’s implementation expertise.

Company Background

HCL Technologies Ltd is a global technology services company headquartered in Noida, India. The company provides digital transformation, engineering, cloud and AI services across multiple industry verticals.

According to company information released with the announcement, HCLTech employs more than 226,000 professionals across about 60 countries. Its services portfolio spans financial services, manufacturing, life sciences and healthcare, telecommunications, retail, semiconductor, high technology and public sector clients.

The company reported consolidated revenues of approximately $14.5 billion for the twelve months ended December 2025.

Conclusion

The expansion of the HCLTech and Google Cloud collaboration signals continued enterprise demand for scalable artificial intelligence infrastructure and application frameworks.

By integrating Gemini models with its existing AI platforms and expanding certified talent capacity, HCLTech aims to position itself as a large scale systems integrator for Agentic AI deployments. The market reaction on March 12, 2026 reflected modest investor interest as the stock registered a mild gain following the disclosure.

Source:

• https://www.nseindia.com/get-quote/equity/HCLTECH/HCL-Technologies-Limited
• https://nsearchives.nseindia.com/corporate/HCLTECH_12032026144259_Release12March2026.pdf